Net Loss of Shri Matre Power & Infrastructure reported to Rs 0.89 crore in the quarter ended September 2016 as against net loss of Rs 0.86 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

Net profit of COSCO (India) declined 22.35% to Rs 0.66 crore in the quarter ended September 2016 as against Rs 0.85 crore during the previous quarter ended September 2015. Sales rose 1.84% to Rs 30.92 crore in the quarter ended September 2016 as against Rs 30.36 crore during the previous quarter ended September 2015.

Net profit of Asian Tea & Exports declined 61.11% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.18 crore during the previous quarter ended September 2015. Sales declined 30.64% to Rs 5.84 crore in the quarter ended September 2016 as against Rs 8.42 crore during the previous quarter ended September 2015.

Net profit of Vishnu Chemicals declined 12.57% to Rs 5.84 crore in the quarter ended September 2016 as against Rs 6.68 crore during the previous quarter ended September 2015. Sales declined 6.42% to Rs 110.08 crore in the quarter ended September 2016 as against Rs 117.63 crore during the previous quarter ended September 2015.

Net Loss of Shree Narmada Aluminium Industries reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 0.04 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.24 crore during the previous quarter ended September 2015.

Net Loss of Majestic Auto reported to Rs 4.99 crore in the quarter ended September 2016 as against net loss of Rs 3.72 crore during the previous quarter ended September 2015. Sales rose 63.76% to Rs 28.38 crore in the quarter ended September 2016 as against Rs 17.33 crore during the previous quarter ended September 2015.

Net Loss of Tata Motors reported to Rs 630.76 crore in the quarter ended September 2016 as against net loss of Rs 288.79 crore during the previous quarter ended September 2015. Sales declined 3.44% to Rs 10140.06 crore in the quarter ended September 2016 as against Rs 10500.79 crore during the previous quarter ended September 2015.

Net profit of Aurobindo Pharma rose 33.53% to Rs 605.64 crore in the quarter ended September 2016 as against Rs 453.55 crore during the previous quarter ended September 2015. Sales rose 12.13% to Rs 3713.58 crore in the quarter ended September 2016 as against Rs 3311.75 crore during the previous quarter ended September 2015.

The result was announced on Monday, 14 November 2016, when the stock market was closed for a public holiday.

Meanwhile, the S&P BSE Sensex was down 245.98 points or 0.92% at 26,572.84

On BSE, so far 1.49 lakh shares were traded in the counter as against average daily volume of 6.49 lakh shares in the past two weeks. The stock hit a high of Rs 486.70 and a low of Rs 473.10 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016. The stock had hit a 52-week low of Rs 266 on 11 February 2016.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Tata Motors total income rose 7% to Rs 66106.96 crore in Q2 September 2016 over Q2 September 2015. Tata Motors said that in Jaguar Land Rover (JLR) business, strong sales were seen in all the regions UK, Europe, North America, China and other overseas markets. In standalone business, the demand pause in medium and heavy commercial vehicle (M&HCV) partially offset by continued growth in the domestic light commercial vehicle (LCV) segment, car segment and exports, Tata Motors said.

Tata Motors consolidated profit before tax (before exceptional item) dropped 17.46% to Rs 983 crore in Q2 September 2016 over Q2 September 2015 broadly due to higher volumes and favourable operating exchange, in Jaguar Land Rover business more than offset by the realized hedging losses of Rs 3510 crore, and adverse commodity derivatives impact of Rs 187 crore.

After the exceptional items, the consolidated profit before tax was Rs 999 crore in Q2 September 2016, against loss before tax of Rs 2150 crore in Q2 September 2015, which included exceptional items of Rs 2493 crore on account of the vehicles damaged at Tianjin Port explosion in Jaguar Land Rover business.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

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Religare Enterprises provides update on subsidiary

Nov 15,2016

Religare Enterprises announced that the Board of Directors of Religare Finvest (RFL), a material subsidiary company, at their meeting held on 14 November 2016 have considered and approved one-time writeoff of entire amount of Rs. 519.92 crore in the Profit and Loss Account pursuant to non-receipt of dues towards assignment of certain loan accounts by RFL. In addition to the above, the Board of Directors of RFL have further approved write-off of an entire amount of Rs. 273.75 crore standing overdue in other accounts related to the same transaction.

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Board of Sphere Global Services approves conversion of warrants

Nov 15,2016

Sphere Global Services announced that the Board of Directors of the Company at its meeting held on 14 November 2016 has approved the conversion of 6,00,000 Share warrants into equity shares allotted to S Sudhakiran Reddy.